K-Bro Linen Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 04, 2021
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K-Bro Linen Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was CAD 52.675 million compared to CAD 37.520 million a year ago. Net income was CAD 3.411 million compared to CAD 1.613 million a year ago. Basic earnings per share from continuing operations was CAD 0.32 compared to CAD 0.15 a year ago. For the half year, sales was CAD 100.289 million compared to CAD 94.795 million a year ago. Net income was CAD 5.045 million compared to net loss of CAD 1.795 million a year ago. Basic earnings per share from continuing operations was CAD 0.48 compared to basic loss per share from continuing operations of CAD 0.17 a year ago. Diluted earnings per share from continuing operations was CAD 0.47 compared to diluted loss per share from continuing operations of CAD 0.17 a year ago.
K-Bro Linen Inc. is a Canada-based owner and operator of laundry and linen processing facilities. The Company provides laundry and textile rental services in Scotland and the Northeast of England. The Company and its wholly owned subsidiaries operate across Canada and the United Kingdom, providing a range of linen services to healthcare institutions, hotels and other commercial accounts that include the processing, management and distribution of general linen and operating room linen. It operates through two divisions. Canadian division provides laundry and linen services to the healthcare and hospitality sectors through 10 operating divisions located in Vancouver, Victoria, Calgary, Edmonton, Regina, Toronto, Montreal, and Quebec City. UK division provides laundry and linen services primarily to the hospitality sector, with other sectors, including healthcare, manufacturing and pharmaceuticals, through four sites which are located in Perth, Newcastle, Livingston and Coatbridge.
K-BRO LINEN INC. 
